Utz Brands (UTZ) to Release Quarterly Earnings on Thursday

Utz Brands (NYSE:UTZ) is projected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $349.93 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Utz Brands Trading Down 3.5 %

UTZ opened at $13.35 on Tuesday. The company’s 50 day moving average is $14.65 and its 200-day moving average is $16.27. Utz Brands has a 1-year low of $12.71 and a 1-year high of $20.04. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.88 billion, a P/E ratio of -70.24, a PEG ratio of 0.87 and a beta of 1.01.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were paid a $0.061 dividend. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, December 16th. Utz Brands’s dividend payout ratio (DPR) is presently -126.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UTZ shares. TD Cowen reduced their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Mizuho dropped their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Piper Sandler dropped their price objective on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Barclays dropped their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Utz Brands presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.